₦airaland Forum

Chikacha:
You never see anything. At least two people control 25 million USD all from crypto and over 20 people hold from 50 to more than 100 BTC. All here. Worse is they do not comment and never believe in holding any Alt. All they do is trade alt but buy and keep BTC. ETH, and BNB. Absolutely nothing else. Even their analysis na zero, pardon me. They don't even wait to calculate 4 years circle, fyam! them don sell.

I no come know why them nor dey do give away.

Just made me remember stillmaticOG, bloody WHALE.

Who else does this happen to? A coin that you thought was going to give you heavy losses, the price suddenly goes up & you manage to eventually sell it at a profit. But because the price is still rising, you start regretting that you sold too early. Is that greed on my part or inexperience or just normal?

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Of course, we know. We don't need experts to tell us and that is why GLE-BOSS or iGLE-BOSS is the only solution.

When it gets to 10k/$, we'll do as Ghana did. Nothing new. Na poor people or people wey refuse to embrace GLE-BOSS I pity.

thesicilian:
Who else does this happen to? A coin that you thought was going to give you heavy losses, the price suddenly goes up & you manage to eventually sell it at a profit. But because the price is still rising, you start regretting that you sold too early. Is that greed on my part or inexperience or just normal?

Everyone who is in crypto has experienced it before, get ready cos it will still happen to you again

ElectronicMoney:
Everyone who is in crypto has experienced it before, get ready cos it will still happen to you again

How do you minimize the regrets of selling too early?

It's normal not to catch the absolute peak when taking profits. What matters is that you secured a satisfactory profit; that’s the goal.

Even if you’re a long-term holder with a target exit for profit-taking, your exit point might hit the first resistance, and the price could surge again afterward. Don’t get too emotional about it; it’s a common experience.

thesicilian:
Who else does this happen to? A coin that you thought was going to give you heavy losses, the price suddenly goes up & you manage to eventually sell it at a profit. But because the price is still rising, you start regretting that you sold too early. Is that greed on my part or inexperience or just normal?

Part 4

My Prompt:

Comparing all 4, Naira, BTC, Gold and silver, rank them on percentage lost and percentage gain from 1940 to 2024 and which is the best invest and the worst investment to hold.

Reply:

To compare the Naira, Bitcoin (BTC), Gold, and Silver in terms of their percentage gain or loss from 1940 to 2024, we need to break down each asset’s historical performance and analyze its overall change over time. This will give us insight into which asset has been the best or worst investment during this time frame.

1. Nigerian Naira (₦)

The Naira was introduced in 1973, replacing the Nigerian pound. Since then, the Naira has experienced significant depreciation due to inflation, poor economic policies, and devaluations by the Central Bank of Nigeria (CBN).

Performance:

1940-1973: Before the Naira, the Nigerian pound was relatively stable but depreciated towards the end due to economic challenges.

1973-2024: From its introduction in 1973 at ₦0.66 per $1 to ₦1,000 per $1 or higher by 2024 (depending on the parallel market rate), the Naira has experienced dramatic devaluation.

Approximate Percentage Loss:

Naira’s depreciation is over 99% in value against the U.S. dollar from 1973 to 2024.

2. Bitcoin (BTC)

Bitcoin was introduced in 2009 and started with no intrinsic value. Since then, BTC has gone through extreme volatility but has risen significantly, making it one of the best-performing assets in history.

Performance:

2009: Price started at less than $0.01 per BTC.
2024: As of 2024, Bitcoin trades between $30,000 and $40,000 per BTC.

Approximate Percentage Gain:

From $0.01 to $30,000 or higher is a gain of more than 300,000,000%.

They used old rate of 30k, so if we use current rate of 68-70k, the percentage doubles. Damn!!!

3. Gold

Gold has been a store of value for centuries and was tied to the U.S. dollar under the Bretton Woods system. After the gold standard was abandoned, gold prices became free-floating and have steadily increased, especially in times of economic uncertainty.

Performance:

1940s: Gold was priced at $35 per ounce.
2024: Gold trades around $1,800-$2,000 per ounce.

Approximate Percentage Gain:

From $35 to $1,800, gold has seen a gain of around 5,000% from 1940 to 2024.

4. Silver

Silver, like gold, has been used both as an investment and in industrial applications. Its price has fluctuated more dramatically due to demand for its use in industries such as electronics and renewable energy.

Performance:

1940s: Silver was priced at around $0.70 - $0.90 per ounce.

2024: Silver trades around $25-30 per ounce.

Approximate Percentage Gain:

From $0.70 to $25, silver has seen a gain of about 3,500% from 1940 to 2024.

---

Ranking Based on Percentage Gain/Loss (1940-2024):

1. Bitcoin (BTC): Gain of over 300,000,000% (the best-performing asset by a huge margin).
2. Gold: Gain of around 5,000%.
3. Silver: Gain of around 3,500%.
4. Naira: Loss of over 99% (the worst-performing asset).

Best and Worst Investments (1940-2024):

Best Investment: Bitcoin (BTC) – Bitcoin’s unprecedented rise from almost zero to tens of thousands of dollars per coin makes it the best investment by far, despite its volatility.

Worst Investment: Nigerian Naira – The Naira has suffered extreme devaluation, making it the worst investment. Its purchasing power has been eroded by inflation, currency devaluation, and poor economic policies over the years.


Conclusion:

Bitcoin is the standout winner, even with its volatility, due to its astronomical percentage gain.

Gold and silver have both performed well, with gold slightly outperforming silver in percentage gains. These metals are traditional stores of value and have maintained their purchasing power over time.

The Naira has been the worst investment due to its severe loss in value, making it a poor store of wealth in the long term.

For a long-term investor looking to preserve or grow wealth, Bitcoin, gold, and silver have been far better choices than holding cash in Naira.

However, each asset has different risk profiles and market dynamics, with Bitcoin being highly speculative and volatile, while gold and silver are considered more stable but slower-growing stores of value.


For part 5, about comparing GLE-BOSS based on percentage gain since 1940, click here https://www.nairaland.com/6318352/crypto-currency-investors-thread/3955#132549132

seanwilliam:
this guy had 7 btc
Today it’s worth 714m naira.
Una get money for this thread ooooo. Ha

At that time it was $13k

seanwilliam:
And here I am , battling with 100$

See this chairman

Holders!!

SINisSIN:
Holders!!

Aah if nah true am expecting my airdrop in my bynance and kuc1on

Fastt:
I don suppose retire for this crypto.

In about 5 weeks, it's either BTC goes to about 100k or down to about 35k. About 5 weeks will make it 40w period BTC is dancing around this price point, same thing when it was dancing between 15k and 21k.

Does it surprise you about its coincidence with the US election. Position your self. You are about to be sent back to the village or retire. Are you going in before election or after election?

My bet is, it will be going up with lots of volatility. considering inflation that is out of control in so many countries. Hold on tight your BTC and big caps.

If trump becomes president, that man will sell bitcoins oh seize ppl BTC etc., make way for emergency money to eat or to buy more BTC.

As for me, na few new shitcoins get me this time around. Money is deployed, waiting for more price volatility and entry point. The liquidity is there, the tokens are well distributed, low market cap, good community, big Australian/Chinese whales, safety measures. All checked.

As we enter this unknown territory, may the god of crypto be with yall
I don buy sleeping van, na vagabond lifestyle or hidden island get me. Hoping for the later.

Meanwhile ppl are still loosing jobs, no salary increase, once you see profit, know that na whales money you dey chop, take it and run. Retailers are not here yet. The pump won't last and not all coin will see increase unfortunately

jonextee:
Thanks for the response.

But, was BTC & other stable coins once a shit or an unstable coin?

Kindly educate me pls??

BTC, Stable coins, and shit coins are three different types of cryptocurrencies.


Bitcoin, even though volatile, is a virtual currency that is designed to act as money and a form of payment outside the control of any one person. And a great store of value.

Stablecoins are cryptocurrencies that attempt to peg their market value to some external reference.

Types of stablecoins
1. Fiat-Collateralized, this maintain a reserve of a fiat currency. E. G Tether (USDT) and TrueUSD (TUSD

2. Crypto-Collateralized, this stablecoins are backed by other cryptocurrencies. E. G MakerDAO's Dai (DAI) stablecoin pegged to the U.S. dollar but is backed by Ethereum (ETH)


A shitcoin is a colloquial term used to describe a cryptocurrency with little to no value or utility, often associated with scams or unreliable investments

Fastt:
In about 5 weeks, it's either BTC goes to about 100k or down to about 35k. About 5 weeks will make it 40w period BTC is dancing around this price point, same thing when it was dancing between 15k and 21k.

Does it surprise you about its coincidence with the US election. Position your self. You are about to be sent back to the village or retire. Are you going in before election or after election?

My bet is, it will be going up with lots of volatility. considering inflation that is out of control in so many countries. Hold on tight your BTC and big caps.

If trump becomes president, that man will sell bitcoins oh seize ppl BTC etc., make way for emergency money to eat or to buy more BTC.

As for me, na few new shitcoins get me this time around. Money is deployed, waiting for more price volatility and entry point. The liquidity is there, the tokens are well distributed, low market cap, good community, big Australian/Chinese whales, safety measures. All checked.

As we enter this unknown territory, may the god of crypto be with yall
I don buy sleeping van, na vagabond lifestyle or hidden island get me. Hoping for the later.

Meanwhile ppl are still loosing jobs, no salary increase, once you see profit, know that na whales money you dey chop, take it and run. Retailers are not here yet. The pump won't last and not all coin will see increase unfortunately

I'm out of the market and I'm waiting for the US election results b4 trading anything

Part 5

Comparing all GLE-BOSS, rank them on percentage loss and percentage gain from 1940 to 2024 and which is the best  and the worst investment to hold.

Current price at the time of writing.

Gold: $2,740
Bitcoin (BTC): $70,000
Ethereum (ETH): $2,700
Solana (SOL): $170
S&P 500: 5,800
Oil: $71
Land (location dependent)

1. Gold (Percentage Gain: +7,798% since 1940)

1940 Value: $34.69 per ounce.
2024 Value: $2,740 per ounce.

Percentage Gain:
(2740 - 34.69)/34.69 x 100 ≈ 7,798%


2. S&P 500 (Percentage Gain: +57,900% since 1940)

1940 Value: Approximately 10.
2024 Value: 5,800.

Percentage Gain:
(5800 - 10)/10 x 100 = 57,900%


3. Land (Farming and Real Estate) (Percentage Gain: ~12,567% since 1940)

1940 Value: Average farmland price ~$30 per acre.
2024 Value: Average farmland price ~$3,800 per acre (varies by region).

Percentage Gain:
(3800 - 30)/30 x 100 ≈ 12,567%


4. Oil (Percentage Gain: +4,125% since 1940)

1940 Value: $1.68 per barrel.
2024 Value: $71 per barrel.

Percentage Gain:
(71 - 1.68)/1.68 x 100 ≈ 4,125%


5. Bitcoin (BTC) (Percentage Gain: +700,000,000% since 2009)

2009 Value: Less than $0.01 per BTC.
2024 Value: $70,000 per BTC.

Percentage Gain:
(70000 - 0.01)/0.01 x 100 ≈ 700,000,000%


6. Ethereum (ETH) (Percentage Gain: +900,000% since 2015)

2015 Value: ~$0.30 per ETH.
2024 Value: $2,700 per ETH.

Percentage Gain:
(2700 - 0.30)/0.30 x 100 ≈ 900,000%


7. Solana (SOL) (Percentage Gain: +22,566% since 2020)

2020 Value: ~$0.75 per SOL.
2024 Value: $170 per SOL.

Percentage Gain:
(170 - 0.75)/0.75 x 100 ≈ 22,566%

---
Updated Ranking of GLE-BOSS on Percentage Gain/Loss (1940-2024):

1. Bitcoin (BTC): +700,000,000% since 2009.
2. Ethereum (ETH): +900,000% since 2015.
3. S&P 500: +57,900% since 1940.
4. Solana (SOL): +22,566% since 2020.
5. Land (Farming/Real Estate): +12,567% since 1940.
6. Gold: +7,798% since 1940.
7. Oil: +4,125% since 1940.

---
Best Investment to Hold:

Bitcoin (BTC) continues to be the best-performing asset in terms of percentage gain, with extraordinary returns in just 15 years.

Ethereum (ETH) and Solana (SOL) are also top performers, especially for those who invested early in the cryptocurrency boom.

Bitcoin for maximum growth potential or Ethereum for a more diversified crypto approach.

---
Worst Investment to Hold:

Oil is the worst-performing investment in this comparison, with only a +4,125% gain over a very long period. The volatility and decreasing reliance on fossil fuels due to the push for renewable energy makes it a less attractive long-term investment.

Oil, as its returns have been the lowest and its future is uncertain with the shift towards renewable energy sources.

This it to say, our Naija economy that is dependent on oil, is in trouble. Coupled with bad leadership, it's now double trouble, so your survival is in your hands. You should better wake up now and be your BOSS.

Conclusion:

Each asset in the GLE-BOSS portfolio serves a different role, and your investment choices should be guided by your risk tolerance, financial goals, and time horizon.

thesicilian:
Who else does this happen to? A coin that you thought was going to give you heavy losses, the price suddenly goes up & you manage to eventually sell it at a profit. But because the price is still rising, you start regretting that you sold too early. Is that greed on my part or inexperience or just normal?

like they say, you can never be truly happy in crp.to, you sell too early and it continues to pump, you regret, you hold for too long and it starts dumping, you regret, when you don't buy atall and it starts flying, you regret too

Senior men in the house, 2 consecutive days of red candles formed on BTC, hope it's not what I'm thinking?

At this point, we're basically trading the US election which is two weeks away on November 5. Even though Trump has promised to be pro-crypto, i've heard different opinions about what will happen in a MAGA administration.

Some say he'll sell the country's Bitcoins to pay debt and that reeks of a bear market. Others say his victory will bring an aggressive pump to the market.

According to the man himself, the US will become the Bitcoin capital of the world, although we don't know exactly what that means. Is he going to make everybody sell their Bitcoin and buy them up somehow. The man's a smart business person, but as it stands, the US is not the only country or organization with huge amounts of Bitcoin and strong belief in the asset.

How is he gonna make all or most of those players let go of their Bitcoins for the US to buy up? In the middle of a Bull market.


Just trying to put my thoughts together and draw a temporary conclusion that a Trump victory will be the trigger for a massive pump. But, I may be wrong.


Please share your thoughts.


And forget Scamala, she's toast.

Ilegendd GRACEGLORY Seanwilliams

Superpack589:
At this point, we're basically trading the US election which is two weeks away on November 5. Even though Trump has promised to be pro-crypto, i've heard different opinions about what will happen in a MAGA administration.

Some say he'll sell the country's Bitcoins to pay debt and that reeks of a bear market. Others say his victory will bring an aggressive pump to the market.

According to the man himself, the US will become the Bitcoin capital of the world, although we don't know exactly what that means. Is he going to make everybody sell their Bitcoin and buy them up somehow. The man's a smart business person, but as it stands, the US is not the only country or organization with huge amounts of Bitcoin and strong belief in the asset.

How is he gonna make all or most of those players let go of their Bitcoins for the US to buy up? In the middle of a Bull market.


Just trying to put my thoughts together and draw a temporary conclusion that a Trump victory will be the trigger for a massive pump. But, I may be wrong.


Please share your thoughts.


And forget Scamala, she's toast.

Ilegendd GRACEGLORY Seanwilliams

I hope it brings a massive dump


Massive one.... God abeg

What do you want to do with the massive dump? It is not like you will still buy 😌😌😌

Mercylike:
I hope it brings a massive dump


Massive one.... God abeg

Mercylike:
I hope it brings a massive dump


Massive one.... God abeg

Hope no be you go first cry when the stew full pot o.

SINisSIN:
What do you want to do with the massive dump? It is not like you will still buy 😌😌😌

I no get money to buy.. Bros


You can't understand...

Superpack589:
Hope no be you go first cry when the stew full pot o.

I won't cry.. Sir superpack

I need it to dump massively......

Not that I have money to buy anything though

harry2sexy:
Senior men in the house, 2 consecutive days of red candles formed on BTC, hope it's not what I'm thinking?

Weeks leading to the US election should be volatile...it is a scalper's market . We may see $62,827 if it keeps going down...with the looks of that candle

Superpack589:
At this point, we're basically trading the US election which is two weeks away on November 5. Even though Trump has promised to be pro-crypto, i've heard different opinions about what will happen in a MAGA administration.

Some say he'll sell the country's Bitcoins to pay debt and that reeks of a bear market. Others say his victory will bring an aggressive pump to the market.

According to the man himself, the US will become the Bitcoin capital of the world, although we don't know exactly what that means. Is he going to make everybody sell their Bitcoin and buy them up somehow. The man's a smart business person, but as it stands, the US is not the only country or organization with huge amounts of Bitcoin and strong belief in the asset.

How is he gonna make all or most of those players let go of their Bitcoins for the US to buy up? In the middle of a Bull market.


Just trying to put my thoughts together and draw a temporary conclusion that a Trump victory will be the trigger for a massive pump. But, I may be wrong.


Please share your thoughts.


And forget Scamala, she's toast.

Ilegendd GRACEGLORY Seanwilliams

The market generally will rise, no matter who wins or who does what. History has it that Stocks tend to rise about 50% in the first three years and eight months of any US presidency regardless of political affiliation. Crypto is no exception.
Trump wins the election already, so if he dumps BTC by using it it to pay debt, then, he recreates the same problem Maskala Harris and the Biden administration created. Moreso, that shall serve as another value boost for BTC. Trump is no dimwit. He won't dump the US BTC reserve. Even if he did, BTC stronger than all the forces against it, can't you see... All that disagreed with BTC ends up agreeing with it.

And don't forget who the secretary of cost effeciency is, "ELON."

What I think investors should be worried about and be reassccessing is their convictions.

Let the rest of the bitcoin be made in America

-Donald Trump

GRACEGLORY:
The market generally will rise, no matter who wins or who does what. History has it that Stocks tend to rise about 50% in the first three years and eight months of any US presidency regardless of political affiliation. Crypto is no exception.
Trump wins the election already, so if he dumps BTC by using it it to pay debt, then, he recreates the same problem Maskala Harris and the Biden administration created. Moreso, that shall serve as another value boost for BTC. Trump is no dimwit. He won't dump the US BTC reserve. Even if he did, BTC stronger than all the forces against it, can't you see... All that disagreed with BTC ends up agreeing with it.

And don't forget who the secretary of cost effeciency is, "ELON."

What I think investors should be worried about and be reassccessing is their convictions.

Let the rest of the bitcoin be made in America

-Donald Trump

Very thoughtful take. Thanks for your contribution.

This bleeding doesn't end??

Is the bull run over . I'm fatigued

armadeo:
This bleeding doesn't end??

Is the bull run over . I'm fatigued

Omo it’s high time we turned to another husle,
Otiwadojue bai, I no understand again

armadeo:
This bleeding doesn't end??

Is the bull run over . I'm fatigued

Comot eye for the matter my brother.

Like I said sometime earlier, assuming you're an investor and not a 'trader', then this is not a daily bread game.

The patient dog is often scorned, but this game is indeed for the agile patient dog (or patient toad (if you know, you know).

So just calm down

The 67K is a good buy area. It's a buy signal